The intent is that the alliance shall plan and execute sanctioned production and exploration drilling activities by using an integrated well delivery model. This means that Odfjell Drilling will drill wells suitable for semi-submersibles for Aker BP, subject Odfjell Drilling’s rig availability and that the alliance model is approved in the respective licenses.
The area of operation will be on the Norwegian Continental Shelf.
Quote from Simen Lieungh, CEO: “The award from Aker BP is recognition of Odfjell Drilling’s capabilities to deliver safe and efficient operations. Aker BP’s focus on innovation and collaboration is a perfect match with our operational philosophy and we believe that digitalization is a key enabler for further increasing productivity in drilling operations. In order to successfully deliver on this agenda, the parties need to collaborate closer over time and this alliance is an important step in that direction”.
For further queries, please contact: Eirik Knudsen, VP Corporate Finance & Investor Relations +47 934 59 173 firstname.lastname@example.org
21 November 2017
Odfjell Drilling Ltd.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Deepsea Bergen spudded the exploration well 6506 / 11-10 in the Hades / Iris license for OMV Norge on 28.11.2017
Odfjell Drilling has entered into a drilling and well alliance formed by Aker BP. The agreement has a total duration of 5 years plus 5 optional years.
Odfjell Drilling has been awarded a platform drilling contract with EnQuest for drilling and maintenance on the Magnus platform on the UK continental shelf. The contract includes three firm wells plus two optional wells, and is expected to commence November 1st 2017.
The shareholders of Robotic Drilling Systems AS (“RDS”) have today entered into an agreement to sell all shares in RDS to Nabors Industries (“Nabors”). Odfjell Drilling holds, through its fully owned subsidiary Odfjell Drilling Technology Ltd, approximately 37% of the shares in RDS.